Malaysia’s Medini plans $800m public listing

mah-sing-meridin-mediniGovernment-linked township developer Medini Iskandar Malaysia hopes to raise 2.5 billion ringgit ($800 million) in an initial public offering in early 2014, The Star reported. The IPO would be the country’s largest since palm oil giant Felda Global Ventures raised $3.25 billion in June 2012.

Medini oversees a special economic zone in the heart of the ambitious Iskandar development project in southern Johor province. Medini has said its site has an expected gross development value of more than $21 billion over 20 years.

Iskandar is a huge development project intended to mesh Johor’s economy more tightly with that of affluent neighbour Singapore. However, recent reports have said Iskandar Waterfront Holdings, a privately owned developer, was planning to delay a $300 million stock listing by a year to the end of 2014 due to concerns over government measures to cool property demand.

Southeast Asia’s third-largest economy, Malaysia saw a flurry of big listings last year, led by Felda, that helped its stock exchange become the world’s fifth-largest IPO market in 2012. The pace slackened this year due to caution ahead of May elections narrowly won by Malaysia’s long-ruling coalition, but has recently picked up again.

UMW Oil and Gas Corp raised $740 million last week in Malaysia’s largest IPO this year, following July’s $309 million listing of budget airline AirAsia X and leading Malaysian ports operator Westports Holdings’ $640 million IPO last month. Sovereign wealth fund 1Malaysia Development Berhad is expected to announce a listing to raise at least $3 billion in 2014.



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Government-linked township developer Medini Iskandar Malaysia hopes to raise 2.5 billion ringgit ($800 million) in an initial public offering in early 2014, The Star reported. The IPO would be the country's largest since palm oil giant Felda Global Ventures raised $3.25 billion in June 2012. Medini oversees a special economic zone in the heart of the ambitious Iskandar development project in southern Johor province. Medini has said its site has an expected gross development value of more than $21 billion over 20 years. Iskandar is a huge development project intended to mesh Johor's economy more tightly with that of affluent...

mah-sing-meridin-mediniGovernment-linked township developer Medini Iskandar Malaysia hopes to raise 2.5 billion ringgit ($800 million) in an initial public offering in early 2014, The Star reported. The IPO would be the country’s largest since palm oil giant Felda Global Ventures raised $3.25 billion in June 2012.

Medini oversees a special economic zone in the heart of the ambitious Iskandar development project in southern Johor province. Medini has said its site has an expected gross development value of more than $21 billion over 20 years.

Iskandar is a huge development project intended to mesh Johor’s economy more tightly with that of affluent neighbour Singapore. However, recent reports have said Iskandar Waterfront Holdings, a privately owned developer, was planning to delay a $300 million stock listing by a year to the end of 2014 due to concerns over government measures to cool property demand.

Southeast Asia’s third-largest economy, Malaysia saw a flurry of big listings last year, led by Felda, that helped its stock exchange become the world’s fifth-largest IPO market in 2012. The pace slackened this year due to caution ahead of May elections narrowly won by Malaysia’s long-ruling coalition, but has recently picked up again.

UMW Oil and Gas Corp raised $740 million last week in Malaysia’s largest IPO this year, following July’s $309 million listing of budget airline AirAsia X and leading Malaysian ports operator Westports Holdings’ $640 million IPO last month. Sovereign wealth fund 1Malaysia Development Berhad is expected to announce a listing to raise at least $3 billion in 2014.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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Personal Info

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